The bank is offering the loan with a maturity of ten years, which will be used to expand the retailer’s store network in Lithuania in the coming years.

Lidl will establish all the new stores according to its energy efficiency measures. The stores will feature automated building controls and heat recovery in the ventilation systems.

“The expansion is in line with Lidl’s growth strategy in the Baltic countries.”

NIB president and CEO Henrik Normann said: “The expansion is in line with Lidl’s growth strategy in the Baltic countries. Food products account for a significant share of Lithuanians’ household expenditure, so market diversification will have an impact on disposable income.”